Key Considerations For Litigation Settlement Trustees

Law360 (April 6, 2021, 5:43 PM EDT) -- With billions of dollars at stake, successfully administering a complicated mass tort or class action litigation settlement requires trustees to operate flexibly and adaptably, and provide full accountability to stakeholders.

Mass tort and class action litigation makes headlines when high-profile, multibillion-dollar settlements and awards are announced. In recent memory, cases involving tobacco, oil spills, medical devices, pharmaceuticals, and accounting and securities fraud have garnered worldwide media attention.

Today, mass tort issues involving prescription opioids, climate change and "forever chemicals" are increasingly gaining public awareness. But what happens after the media spotlight turns elsewhere?

What about the work that follows after the issues...

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